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Office space on Dārzauglu street

Darzauglu iela 1 - 50, Riga, Latvia (Show on map)Office

Object overview

Category Business space
Total yield 11.5%
Rental yield 8%
Capital Growth 3.5%
Payment frequency Monthly
Collateral 1st rank mortgage
Duration 36 months

  

The property  

The object is the premises (214.4 m2), with the address of Dārzaugļu street 1 - 50, Riga. The building was commissioned in 2006. Our office space is located on the 5th floor. The Dārzaugļu street 1 building is adjacent to the office building (class B/B-) “Zemitanu Office”, initially commissioned in 2002 and additionally renovated in 2010. The office space is fully rented out to a local company and comes with valid rental contract. 

The building, in which the office space is located, is not fully visible from the streets with heavy traffic, also the pedestrians flow along the Dārzaugļu street is minimal. Moreover, the windows are both facing the courtyard as well as the facade of the building so that the noise of the surrounding streets is not heard. So everything is made for the most efficient spending of working hours of the tenants. The premises are equally suitable for an office and the residential function. The two buildings form a common yard with additional parking space available to users of both buildings.  In addition to parking places in the yard, there are multiple parking spaces in front of the house (which are free of charge). There is a security post in the common areas. For tenant convenience, the building is equipped with several elevators. 

The area 

The property is located at the edge of Riga city centre, close to the Zemitāni railway station, which is one stop from the Riga Central railway station. Nearby, there are multiple commercial institutions, educational institutions (both schools and kindergartens), gas stations, various institutions of a service/business nature, business centres, pharmacies, as well as other infrastructure objects. The surrounding buildings and the area were largely formed before the war (stones and brick; wood), as well as along the construction of residential and office buildings during the second part of the 20th century.  
 
The location of the property is well developed with both social and transport infrastructures. Public transport to the centre and the living neighbourhoods is provided by buses, trolleybuses and trams. The nearest public transport stop is Kr. Barona and Pērnavas street, which is about 50m and 100m from the building. At the proximity of around 30 minutes’ walk would be the Riga Central Station as well as the Old town district.  

Safety guaranteed

This object has passed Reinvest24 risks assessment and is secured by Collateral Agent mortgage.

Funding Target€167,000
34% funded€108,825 available
Yield8.00%
Capital Growth3.50%

Min. amount of investment - €100